By Marisa Wong
Madison, Wis., Sept. 5 - Deutsche Bank AG, London Branch priced $2.22 million of 0% autocallable securities due Sept. 4, 2015 linked to the lesser performing of the iShares MSCI Emerging Markets index fund and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call return 14% if both components close at or above their initial levels on any annual observation date.
A knock-in event occurs if the final level of either component is below 70% of its initial level.
If a knock-in event does not occur, the payout at maturity will be par.
If a knock-in event occurs, investors will receive par plus the return of the worse-performing component.
Deutsche Bank Securities Inc. is the agent.
| Issuer: | Deutsche Bank AG, London Branch
|
| Issue: | Autocallable securities
|
| Underlying components: | iShares MSCI Emerging Markets index fund and the S&P 500 index
|
| Amount: | $2.22 million
|
| Maturity: | Sept. 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless either component falls below 70% of its initial level on final valuation date, in which case par plus return of worse-performing index
|
| Call option: | At par plus 14% per year if both components close at or above their initial levels on any annual observation date
|
| Initial levels: | $39.28 for iShares MSCI EM, 1,406.58 for S&P 500
|
| Knock-in levels: | $27.496 for ETF, 984.606 for index; 70% of initial levels
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agents: | Deutsche Bank Securities Inc.
|
| Fees: | 2.5%
|
| Cusip: | 2515A1LL3
|
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